Off the wire
• Oil prices rise after OPEC curb extension  • FLASH: WASHINGTON DC POLICE SAY REPORTS OF ACTIVE SHOOTER NEAR WHITE HOUSE UNFOUNDED  • U.S., Philippines to deepen collaboration in counter-terrorism  • FLASH: WASHINGTON DC POLICE RESPONDING TO REPORTS OF ACTIVE SHOOTER NEAR WHITE HOUSE  • S. Africa to test, treat 6.2 mln people with HIV by 2020: deputy president  • Austrian unemployment falls 5.7 pct in November  • Heart of Asia conference calls for cooperation to eliminate terrorism  • U.S. dollar declines amid political uncertainties  • Free trade area within SCO framework possible: Russian PM  • Oil prices keep rising after OPEC curb extension  
You are here: 　

Bank of China issued license to operate in Turkey

Xinhua,December 02, 2017 Adjust font size:

ANKARA, Dec. 1 (Xinhua) -- Turkish banking watchdog announced on Friday that Bank of China has been granted a license to operate in Turkey as the second Chinese lender to operate in the country after Industrial and Commercial Bank of China.

The chairman of Banking Regulation and Supervision Agency Mehmet Ali Akben said that permission had been already given to the bank. It can officially start its banking transactions since Dec. 2.

Bank of China, the seventh largest bank in the world and the third largest in China, launched its preparations to establish a commercial bank in Turkey in 2015 after opening a representative office in 2011.

The bank received permission to operate deposit banking in Turkey by investing 300 million U.S. dollars in June, 2017. Enditem

 

Related News & Photos